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- Aug 9, 2023
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Im 15 and trying to decide on a business model to start, I'm leaning towards SMMA at the moment because even if it does not work out I'll have a good foundation in marketing for when I start another business (like a internet business). I ran it by the 5 commandments in the millionaire fast lane and it seemed ok but did not pass the commandment of entry (as its relatively easy to get into part of the reason why I want to go with it) I also don't understand how I can exit from it and make it relatively passive/separate its results from my time (commandment of time). The industry multiplier I remember seeing in the book was around 1.5x which seems quite low compared to other multipliers (however when I googled it I got results saying 8x EBOTDA whatever that means and even .78x so I don't know). Theres also a lot of gurus who seem very trusted like Gary Vanderchuc and Iman Gadhzi. I tried running it by the WADM but I keep seeing "Shiny objects" ( business models that look great) and wanting to follow them but keep getting left where I started chasing another business model, So I just wanna find a business model that is relatively decent and start it and work on it it for the next 5 years or so. So in summery is SMMA Fastlane or can it at least be made Fastlane?
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